DSIJ Mindshare

In a bid to bring efficiency and to aid the ailing power infrastructure in the country, the Union Cabinet has approved the methodology for the auction of coal mines for commercial mining by private companies.

Indian benchmark indices closed marginally lower with both Nifty and Sensex down by 0.17 and 0.2 per cent, respectively. Broader markets too remained flat to negative. Relatively lower volumes and 14-period RSI lying at 35 levels do not predict any direction for now. 

Zydus Wellness surged as much as 7 per cent from its previous close. The stock has surged nearly 42 per cent from the low of February 6, making a kind of V pattern on the daily time frame.

Following stocks are close to their 52-week low as at 12.56 p.m. on February 20.

The markets on February 20 opened up. BSE Sensex is trading at 33,929.34, up by 154.68 points and the Nifty is trading at 10,418.20, up by 39.80 points.